ICE Futures Europe Sets Daily Volume Records in Brent Crude Options, Low Sulphur Gasoil Futures and Coal Options
LONDON--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE: ICE), the leading global network of
exchanges and clearing houses, announced that several daily volume
records were set in energy including Brent Crude options, Low Sulphur
Gasoil futures and coal options on December 16, 2014:
-
Brent Crude Options - 151,354 lots traded (the previous record of
127,237 was set on September 26, 2012)
-
Low Sulphur Gasoil Futures – 138,590 lots traded (the previous record
of 110,602 was set on December 10, 2014)
-
Coal Options - 12,390 lots traded (the previous record of 8,190 was
set on October 15, 2014)
Since 2012, ICE Brent has consolidated its role as the world’s largest
and most globally relevant crude oil futures contract in terms of
liquidity and volume traded. ICE Brent Crude options have grown rapidly
in recent years, reflecting the growing importance of the Brent
benchmark. Traded option volumes so far in 2014 average 52,459 contracts
per day, up 36% on 2013.
Low Sulphur Gasoil futures across the ‘G’
and ‘ULS’
code contracts now represent more than 75% of total open interest for
Gasoil futures at ICE Futures Europe. Open interest currently stands at
363,135 contracts in the low sulphur specification futures. The ICE
Gasoil futures (G) contract will complete the transition to a 10ppm low
sulphur gasoil specification with the expiry of the January 2015
contract on the 12th of that month, and will be renamed ICE Low Sulphur
Gasoil futures (G). The open interest in the previous ULS contracts from
February 2015 onwards has been transitioned to the new G equivalent
contract. The transition reflects increased market demand for a lower
sulphur grade contract.
ICE has a comprehensive coal options offering for API 2 Rotterdam, API 4
Richards Bay and gC Newcastle, which include monthly expiry options,
single expiry options and early single expiry options. ICE is the only
venue where gC Newcastle futures and options can be traded.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is the leading network of
regulated exchanges and clearing houses for financial and commodity
markets. ICE delivers transparent, reliable and accessible data,
technology and risk management services to markets around the world
through its portfolio of exchanges, including the New York Stock
Exchange and ICE Futures.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock
Exchange. Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its affiliates
is located at www.intercontinentalexchange.com/terms-of-use
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2013, as filed with the SEC on February 14, 2014.
SOURCE: Intercontinental Exchange
ICE-ENGY

Media Contact:
Adaora Anunoby
+44 20 7429 7147
adaora.anunoby@theice.com
or
Investor
Contact:
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com
Source: Intercontinental Exchange